3rd Gen Depreciation

They have had plenty of TSBs though...3rd brake light leaking, rear diff leaking, etc.

 

No implying anyone is getting hosed. I was trying to clairify if the trade in value you posted was the actual trade value you were given or if they added part of the discount on the new truck onto the trade value. Dealers like to do it that way sometimes. How many miles do you average on a truck per year? Did you happen to check what the dealers listed your trades for after you traded them?

 

Yeah the C7 price crash has me wanting one. I saw a new 2019 Z06 for $73k the other day. Probably 1LZ but still a LOT of car for the money. I am still holding out for a dealer that will sell a GT500 for MSRP.

 

Wait a little longer the economy is getting soft and stuff will get cheaper

 

What gives you the impression the economy is getting soft?

 

Negative.

 

Meh, the bullish stockmarket notwithstanding, there are some not-so-great signs. Beyond the yield curve inversion, there's just too much unpredictability in global politics that directly affects huge and critical portions of the global economy for anyone to claim that things are bulletproof right now. The occasional blips in the market show that underneath the strong growth there are some structural issues. And our trade war with China, Brexit, the ever-present instability in the middle east and our never-ending insistence on kicking that hornet's nest, Russia's continued resurgence, the changes in global manufacturing... taken altogether these are unprecedented things, and nobody knows for sure how they'll play out or what effect they'll have.

In a strong economy, there's always going to be a chorus of voices claiming that things will always be as good as they are now, or better. Remember 2007-2008, when all the experts scoffed at the idea of a collapse, and promised that the economy would be strong forever and ever amen?

I'm not saying we're about to collapse or anything. My portfolio and 401k are doing great! My job's going great! Shit's great! I'm not stashing my money under my mattress. But at the same time, I won't be making any large purchases unless I absolutely have to for the next few years, or until there's a correction, or until all the dipshittery going on right now is resolved.

 

You do you, boo

 

senecataco, I agree with a lot of your post, but I do recall a lot of talk in 2007-2008 that a big correction was coming. I hear some talk of that now, and actually agree to some extent. I changed my retirement recently from 10% bonds to 30%, and 10% offshore. The remaining 60% is split between Large cap & small/mid funds. But in 2019 the gains alone were more than my net income for the year.

But the downturns are generally short, followed by long periods of good times. As a cost averaging buyer, it is all working for me. I will hit my goal at current contribution levels if the market returns 3.5% annually for the next 15 years. And I should be able to crank my contribution levels up next year when my house is paid off.

 

The stock market is not the economy.

It's all fluff at this point with corporate buy backs, fed intervention in the repo market and cheap debt.

PMI is down

Rail traffic is down

Class 8 truck sales are down double digits

Car sales are down in 2019

Shipping traffic is down

7 million auto loans are now in default

Subprime is back this time with cars

 

I think the next downturn might make 2008-2009 look like a joke. The billion dollar question is why is the Fed back in the repo market for the last four months?

 

Gotcha, ya after buying and trading so many Ive caught on to their games, the 4 square method or the what if I got your payment to this...I included miles in the post, but usually about 12k a year, depends on the year, when I'm deployed, 6k as it sits for 6 months. If I PCS or when I was racing alot and traveling to tracks, mileage was slightly higher. I also take really good care of my sh*t. I always look after, they usually "certify it" to cushion the price and tack about another $1-2k over what I got for trade. They definitely lost on the last one, they were trying to push it for $34999 (TRD OR bare bones DCSB, 4WD, 6k miles) and gave me $33k, most researched buyers would know you can get one new for less, last time I checked it was at $32499 before it sold or went to auction.

 

I've been trying to sell my 18 TRD 4wd dcsb since late 18. I priced mine at kbb pp low value. No calls, no e-mails.

 

Sucks but think it will be a while for the gt500 at sticker price.

 

I got a cash offer at Carmax for 31,500 when I had 1500 miles for my 2018 TRD OR DCSB 4WD back in Nov/Oct. The truck is stock with no damage history.

There's a guy locally that's been selling a 2019 TRD OR DCSB 4WD 6 Speed MT for $30500 forever

I'm skeptical of some of the trade in numbers people claim to have gotten. The market in my area is shit

 

The internet fleet manager of a major high volume socal dealer offered me 26k for my 2018, had 30k miles at the time and in excellent condition. He said the market is flooded with them and people rather buy brand new which makes sense. You really need to keep these trucks for at least a minimum of 4 to 5 years not to take a total wash

 

This is my point. The market is flooded and you might as well buy new instead of used. This is what I did.

 

Things have changed compared to 2 years or so ago when you bought yours. The last 6 months or so it seems like the values have dropped. Go take a look at what used 2018's and 2019's are listed for on autotrader or cars.com

 

The resale values are still very high compared to other cars. Yes, they have made more of them, but they all sell. As long as mid-size pickups remain popular, and Ford's best effort is the Ranger, Tacoma's will hold value.

 

as stated before, you generally don’t see the “high resale” until after about 4-5 years of ownership. Most of the 3rd gen Tacoma’s are too new still and new ones off the lots are only a couple grand more usually. I think of the resale value as when I put thousands of miles on it, after multiple years, and can still yield a “high sale” value when taking into account how much I’ve used it and it’s relativity to the new model and price. If I can get ~25k in a year or two for my 17 Tacoma with 60k-80k miles I’d be happy.